Bank Muscat – Ratings Affirmed ; Outlook Remains Positive
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Summary
Ref: OM0142 2 CRA00- 0 1 11 May 202 3
Bank Muscat – Ratings Affirmed ; Outlook Remains Positive
Capital Intelligence Ratings (CI Ratings or CI) today announced that it has affirmed the L ong- Term Foreign Currency Rating (LT FCR) and Short- Term Foreign Currency R ating ( ST FCR) of Bank Muscat (BM) at ‘BB’ and ‘B’ , respectively. At the same time, CI Ratings has affirmed BM’s Bank Standalone Rating (BSR) of ‘bb’, Core Financial Strength (CFS) rating of ‘bbb’ and Extraordinary Support Level (ESL) of Moderate. The Outlook for both the LT FCR and BSR remains Positive.
The Bank’s BSR is derived from a CFS rating of ‘bbb’ and an Operating Environment Risk Anchor ( OPERA ) of ‘bb-’, but remains constrained by Oman’s sovereign ratings (‘BB’/‘B’/Positive). OPERA denotes moderate risk and reflects the economy’s limited diversification, moderate external buffers, low monetary policy…